Guideline Value for Kambar Cross Street

Kambar Cross Street guideline value

The current guideline value of Kambar Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village under the Selaiyur SRO, classified as Residential Special Type - II.

How the guideline value of Kambar Cross Street has changed

Over the years, the guideline value for Kambar Cross Street has seen several revisions. The 2012 revision set the value at Rs 2,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,474 per sq.ft. The 2023 revision raised the value to Rs 2,200 per sq.ft, and the current 2024 revision has increased it further to Rs 2,400 per sq.ft, marking a 9% increase from the previous year.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft, with a median value of Rs 2,150 per sq.ft. The guideline value for Kambar Cross Street is above this median.

• Kambar Street: Rs 2,700 per sq.ft (2024)
• Kambar Street Extension: Rs 2,400 per sq.ft (2024)
• Kanagaraja Cross Street: Rs 4,750 per sq.ft (2024)
• Kanakaraja Nagar: Rs 1,300 per sq.ft (2024)
• Kamarajar Street: Rs 880 per sq.ft (2024)
• Kamarajapuram Ambethkar Cross Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total cost for these fees to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Kambar Cross Street?

The Sub Registrar Office that covers Kambar Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Rajakilpakkam

The guideline value is a crucial factor when registering property transactions in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction is recorded at a fair value as per government regulations.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers should always refer to the latest guideline values to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Kambar Cross Street?

The current guideline value of Kambar Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2023 to Rs 2,400 per sq.ft in 2024, reflecting a 9% increase. The value has also seen significant changes from previous years, including a 49% increase from 2017 to 2023.

What is the land classification of Kambar Cross Street?

Kambar Cross Street is classified as Residential Special Type - II, which influences its guideline value and potential use for residential purposes.

Where can I find the Sub Registrar Office for Kambar Cross Street?

The Selaiyur Sub Registrar Office, which covers Kambar Cross Street, is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Kambar Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property at the current guideline value, the stamp duty would be Rs 1,68,000.